South Korean company to build EVs in the US

South Korean company CT&T, founded in 2002 by ex-Hyundai executive Young Gi Lee, says it has plans to enter the US market with a low-speed electric vehicle designed for cities and gated communities.
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The outfit says it will also manufacture the vehicles within the United States employing as many as 2600 workers by 2014.

The company produces two models at present the two-seater e-zone (as pictured) and c-zone light utility. Prices range from US$8000 to US$16,000.

CT&T says it also plans to manufacture batteries for electric and hybrid vehicles in the United States and market them to other manufacturers.